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Search Results 0 to 2 of about 3 (some duplicates have been removed)
ABC
Dec 30, 2012 9:00am EST
to the death tax. six of the wealthiest estates are the difference between what president obama warrants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> the bigger picture for a second. we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of the day tomorrow. we've known these automatic cuts, the so-called -- this was going to be happening for more than a year. respect you a little embarrassed as leaders in the congress that it has gotten to this point that tomorrow is new year's eve, the day it all expires and you still don't have an agreement? we've been having this argument for two years. >> it is embarrassing but almost every disagreement we've this is not because of a senate where we've had lots of -- we've come to agreement on many things. there are 50 hard right people in the house who don't want to compromise. they don't believe in any revenues, they say compromise is a dirty word and speaker boe
ABC
Dec 30, 2012 8:00am PST
of that depends upon whether president obama is willing to compromise this sort of fixation with raising taxes above anybody making more than $200,000 a year. >> reed and mcconnell are both very good leaders and vote counters. if they come to an agreement, they know that they will be able to carry a majority of each of their troops. the real question mark is the house. the house is a bit out of control. they're the reason we've had the problems all along but my guess, if the house and senate agree and leader mcconnell agrees, the house will go along with it too. >> senator -- >> i would just say it is not out of control to want to do something about our runaway spending in our country. >> you've got to compromise. you've got to compromise. >> senator schumer, senator kyl, thank you very much for joining us and i hope you are right to be optimistic. >>> up next the house has its say. are they ready to vote yes on a potential deal that may come from the senate? >>> plus, our powerhouse roundtable waiting in the wings their take on the toxic environment in washington, the fiscal cliff and their p
Search Results 0 to 2 of about 3 (some duplicates have been removed)